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About SNDL Inc.
SNDL Inc. (Nasdaq: SNDL) is a leading private-sector liquor and cannabis retailer in Canada, recognized for its expansive retail network and vertically integrated operations. With retail banners such as Ace Liquor, Wine and Beyond, Liquor Depot, Value Buds, and Spiritleaf, SNDL operates hundreds of locations across the country, catering to diverse consumer preferences in the liquor and cannabis markets. The company’s liquor retail segment, which encompasses the sale of wines, beers, and spirits, generates the majority of its revenue, solidifying SNDL’s position as a dominant player in this sector.
In the cannabis retail space, SNDL is the largest private-sector operator in Canada by store count, with banners like Value Buds, Spiritleaf, Superette, and Firesale Cannabis. These stores focus on providing high-quality products at competitive prices, supported by data-driven insights that enhance customer experiences and optimize inventory management. SNDL’s cannabis operations extend beyond retail, encompassing premium indoor cultivation, innovative product development, and cost-efficient manufacturing. Its cannabis brand portfolio includes well-known names such as Top Leaf, Contraband, Palmetto, Bon Jak, and Vacay, offering a wide range of products from value to premium categories.
As a licensed cannabis producer, SNDL has embraced vertical integration to streamline its supply chain and reduce costs. The company’s advanced cultivation techniques and manufacturing facilities enable it to produce high-quality biomass and a diverse array of cannabis products, including edibles, concentrates, and inhalables. Recent acquisitions, such as Indiva Limited, have expanded SNDL’s footprint in the edibles market, adding renowned brands like Pearls by Grön and Bhang Chocolate to its portfolio.
In addition to its retail and production capabilities, SNDL operates a robust investment portfolio through strategic capital deployment in North American cannabis markets. This includes partnerships and joint ventures such as SunStream Bancorp, which focuses on acquiring and restructuring cannabis assets in the United States. These investments align with SNDL’s strategy to capitalize on emerging opportunities in the cannabis industry while maintaining regulatory compliance.
SNDL is committed to operational excellence and customer-centric innovation. Its recent organizational restructuring aims to enhance efficiency, reduce corporate overhead, and position the company for sustainable growth. By leveraging technology, data analytics, and its vertically integrated model, SNDL continues to strengthen its market position and deliver value to its stakeholders.
Headquartered in Calgary, Alberta, SNDL remains a key player in Canada’s liquor and cannabis industries, with a focus on quality, innovation, and customer satisfaction. Its diverse operations and strategic initiatives underscore its role as a leader in these dynamic markets.
Sundial Growers Inc. (Nasdaq: SNDL) will release its Q3 financial results for the period ending September 30, 2021, on November 11, 2021, after market close. A conference call and webcast for investors is scheduled for November 12, 2021, at 10:30 a.m. EST. Investors can submit questions in advance to enhance engagement, with a submission deadline of November 10, 2021. Sundial operates within the cannabis sector and also manages investments across the industry.
Sundial Growers (NASDAQ: SNDL) announced a disposal of 2,336,500 common shares of Indiva (TSXV: NDVA) for $1,141,336 between September 3 and October 19, 2021. This sale reduced Sundial's holdings in Indiva from 25,000,000 shares (18.58%) to 22,663,500 shares (15.59%). The shares were sold at an average price of $0.488 each. Sundial indicated that the disposals were for investment purposes, and it may adjust its ownership in Indiva based on market conditions. This release complies with National Instrument 62-103 regarding early warning reports.
Sundial Growers (SNDL) announced its agreement to acquire Alcanna Inc. for approximately $346 million. The acquisition aims to enhance Sundial's cash flow through Alcanna's liquor retail operations, which generated $16.4 million in free cash flow in the last twelve months. The transaction will create a leading retail presence in Canada's cannabis market, with over 170 locations. Alcanna shareholders will receive 10.69 Sundial shares per Alcanna share, equating to a 39% premium. The deal is expected to close by Q1 2022.
Sundial Growers Inc. (NASDAQ: SNDL) announced the acquisition of over 10% of The Valens Company Inc. (TSX: VLNS) common shares. On September 17, 2021, Sundial purchased 100,000 shares at $3.00 each, totaling $300,000. This purchase increased Sundial's holdings to 18,671,300 shares, representing approximately 10.00% of Valens' total shares. The shares were acquired for investment purposes, and Sundial may adjust its holdings based on market conditions. An early warning report has been filed in compliance with securities regulations.
Sundial Growers has launched the first-ever Caviar Cones in Canada under its Top Leaf brand, targeting experienced cannabis consumers who prefer higher THC products. The Forbidden Lemon Caviar Cones are crafted with a blend of dried flower, hash, and oil, boasting at least 30% THC. This product aims to capitalize on the growing demand for premium infused products, which have surged in popularity in the US market. Initial availability includes Alberta, Saskatchewan, and Manitoba, with broader distribution planned for late 2021. The company positions itself as a leader in cannabis innovation.
Sundial Growers reported Q2 2021 results, with net revenue of $18.6 million, a net loss of $52.3 million, and cash reserves of $1.3 billion. Cannabis revenue grew by 8% to $12.7 million, while adjusted EBITDA loss was $0.2 million. The company completed the acquisition of Inner Spirit, enhancing its retail presence. However, Sundial faces challenges in a competitive market and was notified of non-compliance with Nasdaq's minimum bid price. The company has until February 7, 2022, to rectify this issue.
Sundial Growers (NASDAQ: SNDL) announced it will release its second quarter financial results for the period ended June 30, 2021, after market close on August 12, 2021. Following the earnings announcement, the company will host a conference call and webcast on August 13, 2021, at 10:30 a.m. EST. Sundial operates under two segments: Cannabis and Investments, focusing on crafting premium cannabis products and strategic investments in the global cannabis industry.
Sundial Growers (Nasdaq: SNDL) has completed the acquisition of Inner Spirit Holdings, boosting its presence in the Canadian cannabis market. For each Inner Spirit share, shareholders will receive $0.30 in cash and 0.0835 common shares of Sundial. This deal establishes Sundial as Canada's largest single-branded cannabis retailer, adding over 100 Spiritleaf locations across six provinces. The acquisition enhances Sundial's retail expertise and is expected to lead to sustainable profitability, offering insights into consumer trends and marketing.
Sundial Growers announced that all resolutions were approved during its annual general meeting held on July 9, 2021. Key decisions included fixing the board of directors at five members and the re-appointment of KPMG LLP as auditors. The elected directors received substantial shareholder support, with votes such as Greg Mills securing 94.37% approval. Sundial operates in cannabis cultivation in Canada and also engages in investment operations within the cannabis industry.
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